BY THILASONI BENJAMIN MUSUKU, World Bank The mobile money market is booming in Somalia. Approximately 155 million transactions, worth $2.7 billion or 36% of gross domestic product (GDP), are recorded every month. Mobile money accounts for a high proportion of money supply in the domestic, dollarized economy and has superseded the use of cash; seven out...
November 9, 2026
Category: Market Bazaar
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Facebook adds 24 new languages to its automated translation service
BY KHARI JOHNSON, VB Facebook has used artificial intelligence to improve its machine translation models, allowing the social media giant to recognize and translate 24 new languages. The new language translation pairs include Serbian and Belarusian to English in Europe; Zulu and Somali to English in Africa; and Cambodian and Mongolian to English in Asia....
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Developer reveals $3bn plans for a Wakanda-like city in Ethiopia
By Colm Gorey After the smash hit release of the film Black Panther – chronicling the defence of a hyper-advanced city in a fictional city-state called Wakanda by a superhero king – a smart city developer aims to help build something similar. According to the Ethiopian News Agency, the country’s government, in partnership with the developer called HubCity Live,...
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High Court of England & Wales restrains Djibouti’s port company from terminating joint venture with DP world
DUBAI, United Arab Emirates — The High Court of England & Wales has granted an injunction restraining Djibouti’s port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders’ agreement with global trade enabler DP World as terminated. The High Court has further prohibited PDSA from removing directors of the Doraleh Container Terminal...
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Ship docks, road upgrade planned as Eritrea, Ethiopia ties strengthen
ADDIS ABABA (Reuters) – An Ethiopian ship docked in an Eritrean port for the first time in two decades on Wednesday and Eritrea announced plans to upgrade a road to its neighbor, local media said, in further signs of strengthening ties between the former foes. The announcements came as Ethiopia’s Prime Minister Abiy Ahmed met...
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Somalia, Eritrea and Ethiopia to hold trilateral Talks on Economic Integration
Mogadishu : The president of the Federal Republic of Somalia Mohamed Abdullahi Farmajo is leading efforts to consolidate gains made at the Forum on China-Africa Cooperation by facilitating the prospect of a tripartite agreement on economic Integration between the countries of the Horn. President Farmajo, Ethiopian Prime Minister Abiy Ahmed and Eritrea’s President Isaias Afwerki...
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Chinese President Xi Jinping told African leaders on Monday that China’s investments on the continent have “no political strings attached”
France 24 Xi spoke before the start of a two-day China-Africa summit that is expected to focus on his cherished Belt and Road initiative, a global trade infrastructure programme. The massive scheme is aimed at improving Chinese access to foreign markets and resources, and boosting Beijing’s influence abroad. It has already seen China loan billions of dollars...
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Ethiopia announces four more industrial parks as debt fears grow
Hawassa Industrial Park was completed in 2016 (Government of Ethiopia) Ethiopia has announced plans to commission four Chinese-built industrial parks by the end of the year as concerns grow over the level of debt the country is taking on. Belachew Mekuria, the commissioner of the Ethiopia Investment Commission, said the government expected to give the...
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Eyes On Uhuru At China-Africa Summit Just Days After U.S. Tour
By Macharia Gaitho, President Uhuru Kenyatta will find Chinese officials keenly studying his every move as he lands in Beijing for the Heads of State Summit of the Forum on China-Africa Cooperation (FOCAC) just days after meeting US President Donald Trump in the US capital. It has already been confirmed by the Chinese Ambassador in...
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JUST A GREAT SOMALI FOOD SPOT NEAR SAN DIEGO STATE UNIVERSITY
Somali Doughnuts in San Diego By James Murren Mandazi is Swahili for a fry bread that is eaten as a snack along the Swahili coast. While usually eaten later in the day, it is not unheard of for breakfast. At a nondescript San Diego Somali café, hidden in the back of a tiny market-slash-seamstress stall-slash-food joint,...